Property and tourism investment becomes Quang Ninh’s strength

Investment has been poured strongly into property in Quang Ninh province. (Photo: ndh.vn)

Hanoi (VNA) – Investment has been poured strongly into property in the north-eastern
border province of Quang Ninh, seeing the engagement of major property groups, BIM
group, VinGroup, Sun Group and FLC, as a few to name.

Apart
from those million-US dollar projects, the property market in the province’s Ha
Long city has been thriving with the appearance of new resort-tourism products which
are more suitable with local people’s demand.

The
first condo hotel (condotel) project named Citadines Ha Long was recently
launched in the city, along with the Green Bay Premium hometel project. The
project, the first of its kind in the city, allows owners with certificates of
land use right to acquire long-term ownership and decide whether they want to
stay or put their houses out for rent.

The
constructions are set to be officially completed and handed over to customers in
the fourth quarter of 2017.

In
another move, the province has made efforts to speed up the implementation of
Ha Long – Hai Phong expressway, Bac Luan II bridge, Van Don international
airport, Van Don economic zone, Ha Long – Van Don and Van Don – Mong Cai
highways, FLC Ha Long golf course and resort, Quang Hanh mineral hot spring
resort, among others. Some projects will be put into operation at the end of
this year or in early 2018.

The
Van Don international airport is scheduled to be completed and operating in
late 2017 and it is estimated to serve two million passengers each year.
These
efforts aimed to reel in more visitors to explore interesting destinations in
the locality. The number of visitors to Quang Ninh is predicted to continue to surge
in the coming time.

Vu
Duc Ngoc, Director General of the G5 Property said that the number of tourists
to Ha Long city alone has escalated over the recent years, hitting an average
of about 7.5 million people per year. Occupancy rate in hotels from three- to
five-star reached between 60 and 70 percent, he added.

A series of large-scale tourism projects worth a total
61 trillion VND (2.7 billion USD) will be built in the Van Don Special Administrative
– Economic Unit of Quang Ninh in 2018, according to Deputy Head of the
management board of Quang Ninh economic zone Hoang Trung Kien.

The
overall plan on developing Quang Ninh tourism by 2020 and with a vision toward
2030 has made positive impacts on local tourism activities via attracting a
series of new investment projects from strategic partners such as BIM Group,
Vingroup, Sun Group, My Way, Tuan Chau and FLC. The active investment in
tourism products from such businesses has brought facelift to the local tourism
industry.-VNA